Pratt Family Foundation Inc
- Assets
- $2.6m
- Revenue
- $169.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Oak Ridge, NC
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 31-1677890
Organization Overview
Pratt Family Foundation Inc is located in Oak Ridge, NC. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratt Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Pratt Family Foundation Inc generated $169.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $260.9k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pratt Family Foundation Inc has awarded 151 individual grants totaling $1,781,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Pratt President | 0.25 | $0 | |
Jeanne Anne Pratt-Martin Board Member | 0.1 | $0 | |
Jennifer Pratt Asst Treasurer | 0.25 | $0 | |
Ana Carmina Stepp Board Member | 0.1 | $0 | |
William H Pratt Treasurer | 0.25 | $0 | |
Ryan M Pratt Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $529 |
| Dividends & Interest | $80,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,574 |
| Capital Gain Net Income | $88,574 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $169,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $924 |
| Total operating and administrative expenses | $55,081 |
| Contributions, gifts, grants paid | $205,800 |
| Total expenses and disbursements | $260,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,753 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,592,668 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pratt Family Foundation Inc has awarded $205,800 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY BOYS GIRLS PURPOSE: GENERAL PURPOSE GRANT | $25,000 |
DUKE UNIVERSITY PURPOSE: GENERAL PURPOSE GRANT | $50,000 |
MERCY AND GRACE MINISTRIES PURPOSE: GENERAL PURPOSE GRANT | $9,000 |
LIONHEART ACADEMY PURPOSE: GENERAL PURPOSE GRANT | $16,000 |
MOTHERS MILK BANK OF AUSTIN PURPOSE: GENERAL PURPOSE GRANT | $8,000 |
RESOLUTION PROJECT PURPOSE: GENERAL PURPOSE GRANT | $1,500 |